Hi, Just wondering if I qualify for the first home buyer's credit. I bought my first home ever here in Canada, and am living in it (ie it's my principal residence), however have owned a home overseas when I lived in Australia.
You can claim $5,000 for the purchase of a qualifying home in 2016.
In order to claim the Homebuyers Credit you have to meet the following two conditions:
you or your spouse or common-law partner acquired a qualifying home; and
you did not live in another home owned by you or your spouse or common-law partner in the year of acquisition or in any of the four preceding years (first-time home buyer).
